COUNTY OF ALBEMARLE

 

EXECUTIVE SUMMARY

 

 

AGENDA TITLE:

Proffer Management- Quarterly Cash Proffer Activity Report

 

SUBJECT/PROPOSAL/REQUEST:

Report on cash proffer revenues and expenditures for July – September of FY 2007-2008

 

 

STAFF CONTACT(S):

Messrs. Tucker, Foley, Davis, Graham; Ms. McCulley and Ms. Baldwin

 

LEGAL REVIEW:   Yes

 

AGENDA DATE:

January 9, 2008

 

     ACTION:                   INFORMATION: 

 

CONSENT AGENDA:

     ACTION:                   INFORMATION:  X

 

 

ATTACHMENTS:   Yes

 

 

 

REVIEWED BY:

 

 

 

BACKGROUND:

The Board of Supervisors has directed staff to provide quarterly reports on cash proffers that show cash proffer revenue and expenditures.  On October 3, 2007, staff provided a proffer activity report for FY2006-2007.  The attached report is the first quarterly report for FY2007-2008 (July-September 2007). 

 

STRATEGIC PLAN:

Goal 3:  Develop Infrastructure Improvements to Address the County’s Growing Needs

Goal 5:  Fund the County’s Future Needs

 

DISCUSSION:

During the first quarter of FY2007-2008, the County received a total of $130,740.22 in proffered funds.  Of these funds, $56,300 is allocated for specific projects and $74,440.22 for general Capital Improvement Projects.  The County expended $70,000 in cash proffers this quarter for the Village of Rivanna Master Plan, which was partly funded by the Glenmore rezoning.  A more detailed description of the projects, cash proffer amounts and activity are provided on Attachment A.

 

Recent collaboration between the Office of Management and Budget, the Office of Facilities Development and the Community Development Department significantly streamlined the process for the utilization of cash proffers for Capital Improvement Projects.  The Zoning Proffer Planner will continue to interact with these departments and assist in the review of using cash proffer revenue for Capital Improvement Projects.

 

BUDGET IMPACT:

Cash proffers continue to assist with funding the needs of the County to offset the impacts from development. 

 

RECOMMENDATIONS:

This report is provided for informational purposes only.  Staff, however, requests that the Board provide direction if it desires any changes to the report format that would make the quarterly reports more useful. 

 

ATTACHMENTS

A-Attachment A First Quarter Funds

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